Altair Engineering Inc (ALTR)
Cash conversion cycle
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
| Cash conversion cycle | days | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00
Altair Engineering Inc experienced a consistent cash conversion cycle of 0.00 days over the five years from December 31, 2020, to December 31, 2024. This indicates that the company efficiently manages its cash flow from operations, inventory, and accounts receivable, resulting in a swift conversion of its invested resources into cash. A cash conversion cycle of zero days suggests that Altair Engineering Inc has an effective working capital management system in place, enabling quick turnover of its resources and potentially reducing financing costs associated with holding excess inventory and receivables.
Peer comparison
Dec 31, 2024